{"id":41150,"date":"2025-08-14T08:35:32","date_gmt":"2025-08-14T06:35:32","guid":{"rendered":"https:\/\/altoo.io\/?p=41150"},"modified":"2026-01-26T18:33:43","modified_gmt":"2026-01-26T17:33:43","slug":"family-office-2-0-evoluer-ou-voir-lheritage-sestomper","status":"publish","type":"post","link":"https:\/\/altoo.io\/fr\/family-office-2-0-evolve-or-watch-the-legacy-fade\/","title":{"rendered":"Family Office 2.0 : \u00c9voluer ou Voir l'H\u00e9ritage s'Effacer"},"content":{"rendered":"\t\t
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That kind of infrastructure is ill-suited for managing cross-border real estate, private equity, digital assets, and heirs with different views on risk. It slows decisions and introduces avoidable errors. It also makes succession harder, not easier.<\/span><\/p>

There is, however, a model of what adaptation looks like. Switzerland, long known for discretion and stability, is now becoming a reference point for modernisation.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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What Swiss Offices Are Getting Right<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Roughly 250 to 300 single-family offices are now based in Switzerland. Together they manage over CHF 600 billion. According to UBS\u2019s 2025 Global Family Office Report, these offices maintain about 13% of their portfolios in cash, compared to a global average of 9%, reflecting a cautious yet flexible approach. Meanwhile, allocations to alternative assets such as private equity, hedge funds, real estate constitute roughly 44% of portfolios, underscoring growing strategic breadth. PwC\u2019s 2025 report confirms Swiss offices are deepening exposure to direct and impact investments and expanding outbound deals to North America, which now represent 27% of their total transactions<\/span>
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<\/span>One CIO, quoted in UBS\u2019s 2025 report, put it simply: \u201cWe keep liquidity for moments like this.\u201d That comment, made in a climate of trade wars and inflation, reflects a view that strategy doesn\u2019t have to mean speculation.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Governance: Cleaning Up the Operating Model<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Despite increasing asset size, many family offices remain loosely run. Campden Wealth\u2019s 2024 European Family Office Report shows that only 26% have adopted modern portfolio systems. Nearly half still lack formal succession plans.<\/span><\/p>

In France, one mid-sized multi-family office has tried to change that. Its CFO, Karoline Dupont, spoke publicly at the Geneva Global Wealth Forum this spring. \u201cJudge me when I\u2019m transparent,\u201d she said. Her office has added an advisory board with both family members and outside professionals. The goal is to bring structure to investment decisions without sacrificing flexibility. Dupont credits the shift with reducing internal disputes and helping the office focus more on long-term goals.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Technology Moves From Add-On to Core System<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Technology is no longer just a reporting layer. For many offices, it is what makes real strategy possible. A recent report by American software company FundCount found that some teams spend as much as 40% of their time assembling and checking reports. That is time spent maintaining a view of the past, not preparing for the future.<\/span><\/p>\n

One office that confronted this early was ALBAPAZ, a Swiss multi-family office founded in 2022. From the start, the firm dealt with multiple banks, alternative assets, and a high volume of private holdings. Traditional systems couldn\u2019t keep up. Within months, the team turned to Altoo, a digital wealth platform that could consolidate all holdings in one interface.<\/span><\/p>\n

The office\u2019s CTO recalls the shift clearly: \u201cReports that took days now take minutes.\u201d More than just saving time, the move allowed the firm to see real-time valuations, monitor risk exposure, and hold strategic discussions without waiting for data cleanup.<\/span><\/p>\n

Altoo gave the team a single point of truth. Real estate, private equity, and even NFTs were brought under one system. The platform also allowed mobile access, which proved crucial for family members travelling or based abroad. For ALBAPAZ, it wasn\u2019t just automation, it was clarity.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Regional Profiles: Different Markets, Same Direction<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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In the U.S., family offices are bigger but face many of the same challenges. Barron\u2019s and BNY Mellon report that American offices allocate 54% to alternative assets, including 27% to private equity and 18% to real estate. Domestic bias is still strong, with 86% of holdings remaining in the U.S.<\/span><\/p>

Succession planning has improved. UBS notes that 53% of U.S. offices now have formal wills or estate plans, up from 47% the year before. Still, many have yet to adopt investment committees or bring in outside managers.<\/span><\/p>

In Germany, the picture is changing. Several offices born out of Mittelstand wealth are now building professional boards. Firms such as Serafin (Munich), THI Investments (Stuttgart) and Wirtgen Invest (Windhagen) have emerged with advisory boards that include external expertise to guide expansion into sectors like AI and clean energy, according to industry profiles by FamCap and ListChampion.org. <\/span>
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<\/span>French family offices, meanwhile, are increasing exposure to healthcare and climate innovation. Financi\u00e8re Agache, the Arnault family office, now oversees over \u20ac140 billion and has made strategic pivots toward luxury-aligned tech and sustainability.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Asset Allocation Trends: What the Data Shows<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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UBS data suggests a clear tilt across all regions toward private markets. Among global offices surveyed in 2025:<\/span><\/p>